Intimation of withdrawal and cancellation of the previously announced outcome of the board meeting held on Friday, June 20, 2025 and Considered and approved to keep and maintain the books ....
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The Board of Directors of Panth Infinity Ltd has decided to withdraw and cancel the outcome of its earlier board meeting held on June 20, 2025. That meeting had approved raising authorized share capital from Rs 37 crore to Rs 132 crore and a preferential issue of up to 5 crore equity shares of Rs 10 each, partly through conversion of unsecured loans. The company stated that most of the proposed allottees backed out of their decision to invest, which is why the fund-raising plan has been shelved. Another board meeting will be called later to consider fresh fund-raising options. Separately, the Board approved maintaining books of accounts at a new Ahmedabad address instead of the current registered office.
The withdrawal signals that the company could not line up enough investors for its planned fundraise, which may delay any capital infusion the business was counting on. For shareholders, this removes the near-term dilution overhang from the earlier preferential issue plan, but the search for alternative funding later could bring fresh dilution.